China Unveils Plan to Sell
$1 Billion in Global Bonds

SHANGHAI, China -- The Chinese government announced plans to sell $1 billion in global bonds, the latest sign of rising foreign confidence in the country's fast-growing economy.

The debt offering, which will take place later this month, will be denominated in U.S. dollars and euros and underwritten by three U.S. investment banks, Goldman Sachs Group Inc., J.P. Morgan Chase & Co. and Morgan Stanley & Co. It marks China's first foray into the dollar debt market in nearly three years, and the first time that China...